Master of Science - Financial Engineering

Master of Science - Financial Engineering

The vast complexity of financial markets compels industry to look for experts who not only understand how markets work, but also possess the mathematical knowledge to decipher their patterns and the computer skills to exploit them. To achieve success, banking and securities professionals must understand how applied mathematics, computational techniques, statistical analysis, and economic theory inform and impact the areas of securities valuation, risk management, and portfolio structuring.

The Master of Science in Financial Engineering program requires a total of 30 graduate credits and is designed to produce graduates who can make pricing, hedging, trading, and portfolio-management decisions in the financial services sector. With sharply honed practical skills complimented by strong technical backgrounds, graduates establish careers in the industries of investment banking, risk management, securities trading and portfolio management.

GRE scores are required for Graduate Certificate or Master's Degree applicants, and the Doctoral Degree program.  

Admissions Requirements

  • Complete application
  • Application fee
  • Official college transcripts from all colleges attended
  • Official or attested confirmation of bachelor's degree
  • Two letters of recommendation
  • Personal Statement
  • Resume or CV
  • GRE or GMAT scores

Core Course Requirements for Full Degree

FE 610 Stochastic Calculus for Financial Engineers

FE 620 Pricing and Hedging

FE 621 Computational Finance

FE 630 Portfolio Theory and Applications

FE 680 Advanced Derivatives

FE 800 Special Problems in Financial Engineering

(plus electives)

To complete the required ten courses, candidates can supplement by choosing from one of the four-course graduate certificate programs listed below, otherwise, students can choose to complete remaining electives in other program areas with Faculty Advisor approval. Students are encouraged to specialize in one of three FE focus areas below:
 
Quantitative Focus

Financial Engineering Graduate Certificate
FE 610 Stochastic Calculus for Financial Engineers
FE 620 Pricing and Hedging
FE 621 Computational Methods in Finance
FE 630 Portfolio Theory and Applications
 
Financial Risk Engineering Graduate Certificate
FE 535 Introduction to Financial Risk Management
FE 610 Stochastic Calculus for Financial Engineers
FE 635 Financial Enterprise Risk Engineering
FE 655 Systemic Risk and Financial Regulation
 
Systems and Management Focus
Systems Engineering and Architecting Graduate Certificate
SYS 605 Systems Integration
EM 612 Project Management of Complex Systems
SYS  625 Fundamentals of Systems Engineering
SYS  650 System Architecture and Design
 
Engineering Management Graduate Certificate
EM 600 Engineering Economics and Cost Analysis
EM 605 Elements of Operations Research
EM 612 Project Management of Complex Systems
EM 680 Designing & Managing the Development Enterprise
 
Software and Technology Focus

Software Engineering in Finance Graduate Certificate
SSW 540 Fundamentals of Software Engineering
SSW 565 Software Architecture & Component-Based Design
FE 595 Financial Systems Technology
MGT 623 Financial Management or MGT 638 Corporate Finance
 
Financial Software Engineering Graduate Certificate
SSW 540 Fundamentals of Software Engineering
SSW 565 Software Architecture and Component-Based Design
FE 610 Stochastic Calculus for Financial Engineers
FE 620 Pricing and Hedging

Course Requirements for four-course Certificate Program

FE 610 Stochastic Calculus for Financial Engineers
FE 620 Pricing and Hedging
FE 621 Computational Finance
FE 630 Portfolio Theory and Applications

I’m Interested

 

 

For specific program information, CLICK HERE

Call 1-888-STEVENS 
(201-216-5319) 
or email: Graduate Admissions

Current Students: Consult your faculty advisor and study plan for course requirements and electives.

Call 1-888-STEVENS (201-216-5319) or email: Graduate Admissions